XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Hendrick Manufacturing (Hendrick), on its sale to Etnyre International Ltd (Etnyre).

Hendrick was established in 1876 as a manufacturer of perforated metal screens, serving the oil filtration and coal industries. The company grew in size and scope, and in 1974, it expanded into other industrial screens, forming the Hendrick Screen division. With operating facilities in Carbondale, Pennsylvania, and Owensboro, Kentucky, Hendrick manufactures industrial perforated products, industrial wedge wire and profile bar screen products, and aesthetically pleasing architectural products for interior and exterior spaces. Serving over 750 customers across 15 diverse market segments in North America and 35 countries globally, Hendrick is the leading private provider of perforated metals and screen products.

Founded in 1898 and headquartered in Oregon, Illinois, Etnyre proudly manufactures a wide range of equipment that serves the asphalt roadbuilding industry, from asphalt distributors to chip spreaders and storage tanks to trailers. With this acquisition, the Etnyre group of companies now includes Hendrick, E.D. Etnyre & Co., SMF, and BearCat Mfg. This acquisition expands Etnyre’s metal manufacturing presence in new markets.

At the end of 2020, XLCS represented SMF in its sale to Etnyre. SMF specializes in first-class machining and metal fabrication. The SMF acquisition diversified Etnyre’s footprint in the manufacturing sector to serve existing customers and enter into oil and gas, power generation, and wind power industries.

XLCS acted as the exclusive M&A advisor to Hendrick, and the transaction was led by Bob Contaldo, Managing Partner and head of the firm’s Metal Fabrication Industry Practice Group, along with Eric Schoendorf, Vice President, and David Silva, Associate. The transaction was completed on May 6, 2024.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.

XLCS Partners, Inc., a leading middle-market investment bank, is pleased to announce it served as the exclusive advisor to SVI International (SVI) on its sale to The Zabel Companies (Zabel).

SVI, headquartered in DeKalb, Illinois, is the leading supplier of aftermarket repair parts and accessories for automotive lifts, wheel service and automotive shop equipment, and other niche applications. Catering to auto shops, collision centers, dealerships, and various other end markets, SVI ensures safety and minimizes downtime with its extensive selection of quality parts and accessories. With over 40,000 components available, SVI serves as a comprehensive solution provider, offering fast turnaround times and exceptional customer support. Their offerings extend beyond automotive shop equipment to include oil seals, boat lift repair parts, EV charging station accessories, and more. SVI provides same-day shipping on in-stock parts from its warehouses in DeKalb, Illinois, and Los Angeles, California.

Based in Charlotte, North Carolina, Zabel is an investment firm dedicated to partnering with management teams to build privately held companies over the long term. Zabel brings a patient and flexible approach to investing in and growing high-quality businesses. Whether through a buyout, recapitalization, or injection of growth capital, Zabel’s strategy is to work closely with management teams to grow businesses and build value for all parties involved.

“We could not have navigated through the acquisition process without the excellent guidance provided by all the staff at XLCS,” said Doug Climenhaga, President of SVI. “They were a wonderful group to work with who absolutely organized and kept all the pieces together seamlessly, allowing for the sought-after final outcome.”

XLCS acted as the exclusive M&A advisor to SVI, and the transaction was led by Reed McMahon, Associate, and Anthony Contaldo, Partner. The transaction was completed on March 4, 2024.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as advisor to Medusind, a leader in healthcare Revenue Cycle Management (RCM) backed by Alpine Investors, on its acquisition of edgeMED Healthcare (edgeMED).

Based in Boca Raton, Florida, edgeMED has been at the forefront of offering expert RCM services and innovative technological solutions tailored to enhance clinical, financial, and operational efficiencies for medical organizations of all sizes and specialties since 1981.

Established in 2002, Medusind has emerged as a key provider of RCM solutions across medical fields, including dental, anesthesia, pathology, emergency medicine, surgery, radiology, and more. Using proprietary technology, Medusind consistently delivers excellent results to physician-provider practices. Over the past twenty years, it has experienced significant growth fueled by diverse service offerings, strategic acquisitions, and a highly skilled team of experts. Processing over $2 billion in claims, serving 30,000+ physicians, and supporting 30+ EMR platforms, Medusind prioritizes client satisfaction with its global workforce of over 4,000 members.

The transaction with Medusind was completed on December 8, 2023, led by Johnny Sebastian, XLCS Associate, and Anthony Contaldo, XLCS Partner.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.